Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$7,749$7,749$350,999
Remaining term (yrs)21.321.330.0
Secondary amount$0$343,250$0
Funding fee$0$0$0
Note rate2.800%2.800%7.320%
Blended rate3.650%7.659%7.560%
1st payment$40.13$40.13$2,411.12
2nd payment$0.00$2,216.82$0.00
Taxes / mo$325.00$325.00$325.00
Insurance / mo$150.00$150.00$150.00
MI / mo$6.46$6.46$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$521.58$2,738.40$2,956.32
Cash to close$382,250$39,000$39,000